DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Sarah Baray, Ph.D.
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Pre-K 4 SA FY 2019 Budget
SUMMARY:
An Ordinance considering approval of the Pre-K 4 SA program FY 2019 Budget for the fiscal year beginning July 1, 2018 and ending on June 30, 2019, and personnel complement as adopted by the Pre-K 4 SA Board of Directors on April 3, 2018.
BACKGROUND INFORMATION:
City staff provided City Council with an overview of the Pre-K 4 SA program's FY 2019 Budget during the May 9 "B" session. The Pre-K 4 SA Board of Directors bylaws, which were approved by City Council, require the Annual Budget to be adopted by the Board before May 1 each year and approved by City Council prior to the start of the new program year on July 1.
ISSUE:
The Pre-K 4 SA Board of Directors adopted the FY 2019 Operating Budget on April 3, 2018. This item is for City Council's consideration of the approval of the Board's FY 2019 annual operating budget. The Pre-K 4 SA fiscal year begins July 1 and ends June 30 of each year.
Below is an overview of the Board of Director's Adopted Operating Budget for FY 2019 to include major program areas.
Revenues
Adopted Budget FY 2019
Dedicated Sales Tax
$36,355,835
Planned Use of Fund Balance
4,334,403
State/Local Match
4,352,400
USDA (Food)
1,480,139
Sliding Scale Tuition
731,250
Interest/Misc Revenue
51,270
Total Revenues & Transfers
$47,305,297
Operating Expenses and Transfers
Adopted Budget FY 2019
Pre-K 4 SA Education Center Services
$24,606,700
Facilities Leases & Maintenance
6,294,438
Competitive Grants
4,808,462
Professional Learning
1,977,879
Administration
1,682,587
Public Relations/Marketing
868,759
Transportation Services
789,337
Enrollment/Attendance Services
775,730
Program Assessment
307,035
Sales Tax Collection Fee
727,117
Debt Service Payments
3,400,803
Transfers to other Funds
1,066,450
Total Budget
$47,305,297
The Pre-K 4 SA program utilizes 1/8 cent of a local sales tax levied wit...
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